Pagaya Technologies (NASDAQ:PGY) President Sanjiv Das Sells 14,300 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report) President Sanjiv Das sold 14,300 shares of Pagaya Technologies stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $17.04, for a total transaction of $243,672.00. Following the transaction, the president directly owned 173,864 shares in the company, valued at $2,962,642.56. This trade represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sanjiv Das also recently made the following trade(s):

  • On Saturday, September 12th, Sanjiv Das sold 13,301 shares of Pagaya Technologies stock. The shares were sold at an average price of $20.21, for a total transaction of $268,813.21.
  • On Monday, August 3rd, Sanjiv Das sold 21,289 shares of Pagaya Technologies stock. The shares were sold at an average price of $22.00, for a total transaction of $468,358.00.

Pagaya Technologies Trading Up 2.2%

NASDAQ:PGY traded up $0.37 during trading hours on Tuesday, reaching $17.37. The company’s stock had a trading volume of 2,879,694 shares, compared to its average volume of 3,558,826. The company has a debt-to-equity ratio of 1.12, a quick ratio of 11.08 and a current ratio of 11.08. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.77 and a beta of 5.35. The firm has a 50-day simple moving average of $20.39 and a 200-day simple moving average of $16.40. Pagaya Technologies Ltd. has a 1 year low of $10.40 and a 1 year high of $33.12.

Institutional Investors Weigh In On Pagaya Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC boosted its holdings in Pagaya Technologies by 4,562.7% in the first quarter. Empowered Funds LLC now owns 116,661 shares of the company’s stock valued at $1,359,000 after acquiring an additional 114,159 shares in the last quarter. Engineers Gate Manager LP lifted its position in shares of Pagaya Technologies by 158.5% in the 2nd quarter. Engineers Gate Manager LP now owns 130,172 shares of the company’s stock worth $2,376,000 after purchasing an additional 79,810 shares during the period. SPX Gestao de Recursos Ltda lifted its position in shares of Pagaya Technologies by 49.7% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 180,100 shares of the company’s stock worth $2,098,000 after purchasing an additional 59,800 shares during the period. SG Americas Securities LLC bought a new stake in shares of Pagaya Technologies during the 1st quarter valued at about $1,426,000. Finally, Q Global Advisors LLC increased its position in shares of Pagaya Technologies by 324.8% during the first quarter. Q Global Advisors LLC now owns 537,551 shares of the company’s stock valued at $6,262,000 after buying an additional 410,996 shares during the period. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Wall Street Analysts Forecast Growth

PGY has been the subject of a number of recent research reports. B. Riley Financial boosted their target price on Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Pagaya Technologies in a research report on Monday, September 14th. Texas Capital raised Pagaya Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Citizens Jmp boosted their price objective on Pagaya Technologies from $22.00 to $25.00 and gave the company a “market outperform” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group increased their price objective on Pagaya Technologies from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Pagaya Technologies has a consensus rating of “Buy” and an average price target of $31.25.

Get Our Latest Research Report on Pagaya Technologies

Pagaya Technologies Company Profile

(Get Free Report)

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence and data analytics to facilitate access to credit and investment opportunities. Its technology platform evaluates loan and other credit-related assets, helping financial institutions make lending decisions and connect assets with institutional funding sources.

The company’s Pagaya Network is designed to integrate with banks, fintech companies and other originators. Through the network, Pagaya analyzes consumer credit, personal loan, auto loan and real estate-related assets, among other products, and helps distribute qualifying assets to institutional investors through structured financial vehicles.

Pagaya was founded in 2016 and is headquartered in New York, with roots in Israel.

Further Reading

Insider Buying and Selling by Quarter for Pagaya Technologies (NASDAQ:PGY)

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